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Newmont applies substantial cuts to investment in controversial $4.8 billion Conga project in Peru

Cecilia Jamasmie | May 24, 2012 | 7:39 am Base Metals Precious Metals Europe Latin America Copper Gold 

World number two gold producer, Newmont Mining Corp. (NYSE:NEM), will spend $440 million on the controversial Conga mine project in Peru over the next 18 months, about two-thirds less than the $1.5 billion initially budgeted, reports local newspaper Gestion. In...

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